Daily Market Analysis
2023-04-20
Review our intraday commentary to learn how we interpret price action and build a market narrative.
Drag the blue slider to reveal the day's price action. Dots on the timeline represent comments and can be clicked. View the table below for all market-related comments and annotated charts (including those from after hours).
Abbreviated Comments View all
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| 09:41:53 Pete |
Back to trading. We got that initial bounce as expected. I am expecting that to lure in bullish specs. This first bounce should fizzle out and set up a nice short. Watch the price action and wait for that bearish... |
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| 09:51:31 Pete |
SPY struggling to get back to the lod from Wed. Our short could be setting up. We are no where near the half-way point of the gap fill and 1OP is spiking. I will look for good shorts. |
| 10:00:40 Pete |
I am going to record a video. TSLA and CSCO are good shorts |
| 10:35:39 Pete |
When we get these bearish crosses, I want to see them produce right away. We are not seeing that so far. For a good long to set up we want a benign bear cycle. |
| 10:59:03 Pete |
Although this bearish cycle has not produced yet, this is a wimpy bounce and I want to let the bear cycle complete before I start buying. |
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